Question 19D Chapter 8 of +2 Part-1 - USHA Publication 12 Class Part

Question 19D Chapter 8 of +2 Part-1 – USHA

19 D. C limited invited applications for 6,000 shares of 100 each payables as follows. On application 30 On allotment 20 On first and last demand 50 All the shares were applied for and allotted. One shareholder holding 200 share paid the whole of the amount due along with allotment. Another shareholder did not pay the allotment money on his 300 share but which he paid with the first and the past last evil. Directors have decided to charge and allow interest, as the case may be, on calls in arrears and call in advance respectively according to the provision of Table F, There is a gap between allotment and call money of two months. Journalise the transactions.

The solution of Question 19D Chapter 8 of +2 Part-1 – USHA: –

Journal
Date	Particulars		L.F.	Debit	Credit
a)	Bank A/c	Dr.		1,80,000
	To Share Application A/c				1,80,000
	(Being application money received on)

b)	Share Application A/c	Dr.		1,80,000
	To Share capital A/c				1,80,000
	(Being application money transferred to Share cap. A/c)

c)	Share Allotment A/c	Dr.		1,20,000
	To Share capital A/c				1,20,000
	(Being allotment money due on 7,000 share @ Rs.25 each )

d)	Bank A/c	Dr.		1,24,000
	Calls in arrears (300 X 20)	Dr.		6,000
	To Share allotment A/c				1,40,000
	To Calls in advance A/c				10,000
	(Being allotment money real)

e)	Share first & final Call A/c	Dr.		3,00,000
	To Share capital A/c				3,00,000
	(Being final call due )

f)	Bank A/c	Dr.		2,96,000
	Calls in advance A/c	Dr.		10,000
	To Share first & final Call A/c				3,00,000
	To call in advance				6,000
	(Being call money received)

g)	Interest on Call in advance A/c	Dr.		200
	To Bank A/c				200
	(Being amt. paid call in advance )

h)	Bank A/c	Dr.		100
	To Interest on Call in arrears A/c				100
	(Being amt. received call in advance )

This is all about the Question 19D Chapter 8 of +2 Part-1 – USHA. You can check out the following article to better understand:

Under Subscription and oversubscription of shares

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Question 01 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 02 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 08 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 14 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 17 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 19 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 19 A Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 B Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 C Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19D Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 22 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 46 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 27 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 30 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 32 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 33 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 8 of +2-Part-1 – USHA Publication

Question 3 Chapter 8 of +2-Part-1 – USHA Publication

Question 38 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 39 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 41 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 43 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 45 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 47 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 48 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 49 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 50 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 52 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

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Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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